The idea that some economic changes are difficult to reverse is called
A) hysteresis.
B) the clockwise Phillips curve.
C) stagflation.
D) the expectations- augmented Phillips curve.
Correct Answer:
Verified
Q80: When expectations are rational, disequilibrium in any
Q81: If expectations were rational, the multiplier would
Q82: The persistence of a phenomenon, such as
Q83: The hysteresis which caused high unemployment to
Q84: According to Keynesians, which policy is suitable
Q86: In the UK the inflation target is
Q87: With a successful policy of inflation targeting
Q88: A movement leftward of the Phillips curve
Q89: If inflation targeting were abandoned and instead
Q90: Why did the government face a dilemma
Unlock this Answer For Free Now!
View this answer and more for free by performing one of the following actions
Scan the QR code to install the App and get 2 free unlocks
Unlock quizzes for free by uploading documents